When a credit card is gone over its spending limit how bad does this affect your credit score?

I went over my credit limit on my credit card and now this is on my credit history how badly does this affect my credit score and how can I check my credit score for free and easy.|||The following 5 critical factors affect your credit score in a major way. By knowing these you can keep a check on them and make your credit score a healthy one.





1. Re-payment history





This factor carries the highest weight in your credit report. How steadfast are you in repaying your loans, makes your credit report shine. Experts claim that this factor alone accounts for 35% of points in your credit score. So, if you falter on repayment front it is sure to be reflected poorly on your credit score.





2. Outstanding debt





The next comes your debt burden. How much you owe is a factor that according to experts carries about 30% weight in your credit score. This is


30% is based upon outstanding debt. To get a better score it is advised that you keep your outstanding debt to a minimum.





3. Length of your established credit history





The time for which you have a credit history also matters. The longer your established credit history the more credit reporting agencies believe in you. This could be simply because of the fact that they have more data to analyze your financial position. Experts give it a 15% weight in determining your credit score. Read more from:http://www.credit-card-gallery.com/artic鈥?/a>|||going over ur cc limit is a sign of another problem - ur money behaviour. money is 80% behaviour and 20% knowledge. u are risking going broke (that's why u going over ur cc limit anyway) and messing up ur finances.





do urself a favor - decide to get organized about ur money. an excellent resource is the book Total money make over by dave ramsey. it will teach u how to fix this and get out of debt and organize ur finances. u don't know what u don't know and it will hurt u. listen also to his call in show ranked top 10 nationwide for financial matters. check daveramsey dot com for ur local listings.





u can decide to check that stuff out it will cost u nothing but then again u are an adult and u will do what u want. good luck.|||1.negativity is on your credit history for 7 years. Nothing you or no one other company can do to erase it. NOTHING. NOBODY.


2. make it better by making a few higher purchases and paying them on-time.


3. the 3 credit bureaus gives separate reports by law anytime you request, but only free once a year.


Also visit FreeCreditReport.com|||yes.. of course! word of advice ;only use what you can pay back.for instance... just because you have a $5000 spending limit does not mean you should just max it out because you have it. Just having that amount of spending limit helps you score, doesn't mean you have to use it all! Tip : There were some things on my report that weren't mine and I 've learned that ,even if it was an account that you have created. if there is one thing on the account that is incorrect or empty. You can write a letter to the bureau for them to investigate. which is also called a dispute.(write your own , it's better)they have to contact someone @ the company you owe to correct it and they have to show you proof of what was done and who they had spoken to ,etc. if they can't do so , it is their job to throw out the entire account off of the report. they have 30-45 days to prove it all of this. if they don't and fail to delete it they can be reported to your state's attorney general to be handled. so, if anyone tell you that you can' t do that ... that's far from the truth.i know because i have done it!many people don't know their rights when it comes to their credit report.





you can go to annualcreditreport.com


to get your once a year free credit report.





freecreditreport.com is also helpful with that.|||It doesn't because all banks know it's a goodie blood sucking system for u to pay those interests days after days, months after months and years after years.





So u think u earn decent money for your livelihood? HAHA...I love Karma.





I owes Citibank Credit Mastercard Funds of SGD $4900.00. My gf pays monthly $500 for me. I am proud to let everyone knows about it and I am going to end this credit very soon after upgrading my PC and Printer.